How the Tax Cuts and Jobs Act Affects Businesses

Find out how the new tax law affects small businesses.

The 20% Pass-Through Tax Deduction for Business Owners

Under the Tax Cuts and Jobs Act, pass-through business entity owners can potentially deduct 20% of their business income.

Bonus Depreciation Extended Through 2026 Under the Tax Cuts and Jobs Act

This valuable deduction for business owners is available (with a gradual phase-out) through 2026.

Small Businesses Can Reimburse Employees for Health Costs

Starting in 2017, small businesses can reimburse employees for certain health insurance and other medical costs using a Qualified Small Employer Health Reimbursement Arrangement.

IRS Changes Installment Agreement Fees Effective 2017

Under the fee schedule, the highest fee goes up while new online options offer discounts.

IRS Taxpayer Relief for Louisiana 2016 Storm Victims

The IRS has extended filing deadlines for certain individual and business tax returns for Louisiana storm victims.

Pension Plan Limits for 2017 Announced by IRS

January 1, 2017. The Internal Revenue Service released 2017 tax year cost of living adjustments for pension plans and other retirement-related items. Here is a summary of the more significant items for 2017.

What Does Trump’s Proposed Tax Plan Mean for Business?

Here are some of the sweeping changes proposed by President Trump.

Section 179 Tax Deduction Limits and First-Year Bonus Depreciation

The numbers keep changing: Here are the IRS Section 179 and bonus depreciation amounts under the Tax Cuts and Jobs Act.

Section 179 and Bonus Depreciation Changes Under the Tax Cuts and Jobs Act

The new tax law includes some important tax breaks for small businesses.

IRS Tax Rates and Annual Adjustments for 2016

The IRS has released 2016 tax rate schedules and cost-of-living increases for several important tax items.

IRS Announces Standard Mileage Rate For 2016

The Internal Revenue Service announced the 2016 optional standard mileage rate for calculating the deductible costs of operating an automobile for business purposes. Starting January 1, 2016, the standard mileage rate for the business use of a car, van, pickup, or panel truck is 54 cents per mile for

IRS Announces Standard Mileage Rate For 2016 (Effective Jan 1, 2016)

The IRS lowered the standard mileage rate for business use of a vehicle for 2016.

What Deductions Were Extended or Made Permanent in the 2015 Tax Extenders Bill (the PATH Act)?

Find out about the most significant tax breaks for businesses and individuals that were made permanent or extended in the 2015 tax extenders bill.

IRS Announces Cost of Living Increases for 2015

The IRS has announced 2015 tax rate schedules and cost-of-living increases for several important tax items.

IRS Increases Standard Mileage Rate For 2015

The IRS has increased the business standard mileage rate for 2015.

New Savings Accounts (ABLE) for Disabled People

Learn about the tax-advantaged savings account: the ABLE Account.

Tax Credit for Hiring Veterans

Employers can cut costs and maximize profits by hiring veterans.

Section 179 Tax Deduction Limits and First-Year Bonus Depreciation

The numbers keep changing: Here are the IRS Section 179 and bonus depreciation amounts under the Tax Cuts and Jobs Act.

The Marketplace Fairness Act and Internet Sales: What to Expect

Find out what this new federal law would mean for online businesses and state sales tax laws.

Internet Sales Tax: New Legislation Pending

Find out what this new law would mean for online sellers.

What Small Businesses Need to Know About the Fiscal Cliff Tax Deal

Read about how American Taxpayer Relief Act of 2012 will affect your small business's taxes in 2013.